401(k) · DOL Form 5500 · 2022

Bankwell Financial Group, Inc. 401(k) Plan

Data updated 2026-08-25

$13M
Total assets Small plan by assets
124
Participants Small participant base
70th
Percentile by assets National rank
$103,700
Avg per participant Below avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Bankwell Financial Group, Inc. and Its Subsidiaries and Affiliates 401(k) Plan · Sponsored by Bankwell Financial Group, Inc. · Connecticut · Finance & Insurance

$13M in assets, 124 participants

Bankwell Financial Group, Inc.'s Bankwell Financial Group, Inc. and Its Subsidiaries and Affiliates 401(k) Plan reported $13M in total assets and 124 participants in its 2022 DOL Form 5500 filing, ranking in the 70th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #4,987 in Finance & Insurance (9,261 peers)

Coverage in Connecticut

Bankwell Financial Group, Inc. and Its Subsidiaries and Affiliates 401(k) Plan covers 124 participants in Connecticut, about 17% of the average Connecticut filer (state average ~718 per filing). Assets: $13M.

#4,987
in Finance & Insurance (9,261 peers)
-8.6%
assets change YoY

The plan reported a net loss of $1M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Bankwell Financial Group, Inc. and Its Subsidiaries and Affiliates 401(k) Plan's outsized position by total assets

Bankwell Financial Group, Inc. and Its Subsidiaries and Affiliates 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$12,858,761 Top 30% higher than 70% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Bankwell Financial Group, Inc. and Its Subsidiaries and Affiliates 401(k) Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Bankwell Financial Group, Inc. and Its Subsidiaries and Affiliates 401(k) Plan sits mid-pack in the medium band (124 participants).

EBSA filing schedule strip

Filing strip 208251355 · Bankwell Financial Group, Inc. PY 2022 · 401(k)

Bankwell Financial Group, Inc. and Its Subsidiaries and Affiliates 401(k) Plan · $13M · 124 · 70th

  • ASSETS $13M
  • PCT 124
  • EIN 70th
  • RANK 401(k)
  • PHOTO near Service Holdings, LLC Retirement Plan
  • IND ind #4987

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Finance & Insurance retirement plans → · Plans in Connecticut →

Bankwell Financial Group, Inc. and Its Subsidiaries and Affiliates 401(k) Plan in the asset neighbourhood

Bankwell Financial Group, Inc. and Its Subsidiaries and Affiliates 401(k) PlanBankwell Financial Group, In…$13MService Holdings, LLC Retirement PlanService Holdings, LLC Retire…$13MAllegheny Wood Products, Inc. 401(k) Profit Sharing PlanAllegheny Wood Products, Inc…$13MCoherent Logix, Incorporated 401(k) PlanCoherent Logix, Incorporated…$13MMedflight 401(k) Retirement Savings PlanMedflight 401(k) Retirement …$13M
End-of-year total assets ($M) among Bankwell Financial Group, Inc. and Its Subsidiaries and Affiliates 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Connecticut filing particulars

Total Assets (Beginning of Year)$14M
Net Assets (End of Year)$13M
Net Income-$1M
Employer EIN208251355
Plan Effective Date2002-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Bankwell Financial Group, Inc.)

Sponsor-wide plan assets over time

All Bankwell Financial Group, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$14M 11.251223970956454% vs 2022
2024 filing year
$12.5M$13M$13.5M$14M$14.5M 202220232024 $12.9M $14.3M ▲ +11.3%
Year Plans Participants Total Assets
2022 1 124 $13M
2023 1 136 $14M
2024 1 137 $14M

Nearby 401(k) Plans in Connecticut

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Bankwell Financial Group, Inc. and Its Subsidiaries and Affiliates 401(k) Plan vs. nearby 401(k) plans in Connecticut, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -200204060 Total assets ($B) Participants Bankwell Financial Group, Inc. and Its Subsidiaries and Affiliates 401(k) Plan, Total assets ($B): 0.012858761 · Participants: 124Bankwell Financial Group, Inc. and Its Subsidiaries and Affiliates 401(k) PlanUnited Technologies Corporation Employee Savings Plan, Total assets ($B): 48.916975 · Participants: 55762United Technologies Corporation Employee Savings PlanGE Retirement Savings Plan, Total assets ($B): 24.786830027 · Participants: 57522GE Retirement Savings PlanCiti Retirement Savings Plan, Total assets ($B): 17.438946034 · Participants: 70070Citi Retirement Savings PlanThe Hartford Investment and Savings Plan, Total assets ($B): 5.615003 · Participants: 17724The Hartford Investment and Savings PlanXerox Corporation Savings Plan, Total assets ($B): 3.641347 · Participants: 11876Xerox Corporation Savings Plan
Bankwell Financial Group, Inc. and Its Subsidiaries and Affiliates 401(k) Plan vs. nearby 401(k) plans in Connecticut, assets vs. participants
Compare Bankwell Financial Group, Inc. and Its Subsidiaries and Affiliates 401(k) Plan side-by-side with 3 peers →

Bankwell Financial Group, Inc. and Its Subsidiaries and Affiliates 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Connecticut, the nearest 401(k) by assets is Service Holdings, LLC Retirement Plan in IL ($13M); by covered participants it is Mp Biomedicals, Inc. Retirement Savings Plan in CA (124 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (124 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Bankwell Financial Group, Inc. and Its Subsidiaries and Affiliates 401(k) Plan assets move in 2022? ▼
Bankwell Financial Group, Inc. and Its Subsidiaries and Affiliates 401(k) Plan pulled back noticeably - down 8.6% during 2022, from $14M to $13M. Reported net income was -$1M.
How have Bankwell Financial Group, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Bankwell Financial Group, Inc.'s sponsor-wide assets grew 11.3%, from $13M to $14M.
Which 401(k) plans are similar in size to Bankwell Financial Group, Inc. and Its Subsidiaries and Affiliates 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Service Holdings, LLC Retirement Plan in IL ($13M, 148 participants).
Which 401(k) plans cover a similar participant headcount to Bankwell Financial Group, Inc. and Its Subsidiaries and Affiliates 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Mp Biomedicals, Inc. Retirement Savings Plan in CA (124 participants, $9M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 208251355.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.